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Bess [88]
3 years ago
5

Why was the 1964 tax reduction act "needed" and what did it do?

History
1 answer:
Phantasy [73]3 years ago
8 0

Answer:

Explanation:

With these cuts in mind, the federal government took a $9.5 billion revenue decline. The Revenue Act of 1964 helped stimulate the economy in terms of lowering unemployment and increasing investment because of the increased consumption the tax cut provided

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